The phases at a glance
The phases in order:| Phase | What it means | What you can do |
|---|---|---|
| Betting | The market is open. The close time hasn’t been hit yet. | Place a bet |
| Awaiting resolve | Betting has closed. Now the resolver needs to post the outcome. | Wait |
| Pending resolution | The resolver posted the outcome and Arcium has computed the result. The challenge window is open. | Flag the resolution if it looks wrong |
| Disputed | Someone flagged the result. An admin investigates and posts the correct outcome. | Wait |
| Claimable | The market is resolved and the challenge window has passed. | Claim if you won |
| Refundable | The resolver never showed up. You can pull your stake back. | Claim a refund |
| Cancelled | The creator cancelled before any bets were placed. | Nothing - this rarely affects users |
| Expired | All deadlines passed. Unclaimed funds go to protocol housekeeping. | Nothing |
The happy path
For most markets, the journey is short:- Betting opens when the market is created.
- Awaiting resolve kicks in when the close time hits - usually a few days or weeks later.
- The resolver posts the real outcome. Arcium decrypts every bet and computes payouts (about
10seconds). - Pending resolution opens a 24–48 hour challenge window. If nobody flags it, the market enters claimable.
- Winners claim their USDC. Done.
What can go wrong, and what happens
The resolver doesn’t show up. Every market has a resolution deadline. If the resolver misses it, the market enters refundable and bettors can pull their net stake back via Claim Refund. Someone flags the resolution. During the 24–48 hour challenge window, anyone can flag the posted outcome. The market enters disputed. An admin reviews the situation and posts the correct outcome via an admin override. After that, the market is claimable again. A user has multiple bets on the same market. That’s fine. Each bet is a separate position. You claim each one separately.How long each phase lasts
Roughly:- Betting: as long as the creator set, usually days or weeks.
- Awaiting resolve: until the resolver acts - could be minutes, could be hours.
- Pending resolution / challenge window: 24 to 48 hours (creator chooses at market creation).
- Claimable: until the claim deadline - typically a few days after the challenge window closes.
What’s next
- Place a bet - the Betting phase from the bettor’s perspective.
- Claim payout - the Claimable phase.
- Dispute resolution - what to do during the challenge window.